News Column

Marsh and McLennan Agency Acquires The Bond Network

February 5, 2014

WHITE PLAINS, N.Y. --(BUSINESS WIRE)-- Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC , today announced the acquisition of The Bond Network , a leading surety bonding agency based in Charlotte, North Carolina . Terms of the transaction were not disclosed. Founded in 1985 by H. Thomas Dawkins , The Bond Network generates $1.1 million in annual revenue and offers commercial, contract, and special risk surety bonds to private contractors throughout The Carolinas. Mr. Dawkins and the rest of the agency will operate out of MMA’s mid-Atlantic region. “The Bond Network is a well-known and respected surety specialist in The Carolinas and is an excellent addition to MMA’s mid-Atlantic region as it further strengthens our considerable construction capabilities,” said Thomas R. Brown , vice chairman of Rutherfoord , a Marsh & McLennan Agency LLC company. “I’m thrilled to welcome Tom and his team to MMA.” Mr. Dawkins said: “Joining MMA is an excellent opportunity for The Bond Network to build upon its success over the last 28 years. With the resources that MMA brings to bear, our clients now have a wider range of products and services that address their emerging needs. We look forward to enhancing our commitment to the construction industry.” David Eslick , Chairman and CEO of Marsh & McLennan Agency , said: “Adding local talent and expertise to complement and expand the resources available to our clients is an essential component of our strategy to become one of our nation’s preeminent national businesses. We welcome Tom Dawkins and The Bond Network to Marsh & McLennan Agency .” About Marsh & McLennan Agency Marsh & McLennan Agency LLC , a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA operates autonomously from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the U.S. About Marsh Marsh is a global leader in insurance broking and risk management. We help clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. We have approximately 27,000 colleagues working together to serve clients in more than 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With more than 54,000 employees worldwide and approximately $12 billion in annual revenue, Marsh & McLennan Companies is also the parent company of Guy Carpenter , a global leader in providing risk and reinsurance intermediary services; Mercer , a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman , a global leader in management consulting. Follow Marsh on Twitter @ Marsh_Inc. Marsh Sally Roberts , 303-952-9453 sally.roberts@marsh.com or Lee Ann Farwell , 212-345-1125 leeann.farwell@marsh.com Source: Marsh & McLennan Agency LLC


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Source: Business Wire


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